![]() Sales boomed at the company throughout the early to mid-2000s, and it expanded at a rapid rate, opening thousands of stores around the world.īut the tide has begun to turn for the world's second-largest clothing retailer. ![]() H & M was once considered to be the king of fast-fashion retail, churning out cheap and fashionable clothing to a willing audience. The company now has an inventory problem with over $4 billion worth of clothing.The retailer is increasingly losing out to fast-fashion competitors such as Zara and ASOS, which have sped up their supply chain to stay on top of trends. ![]() Operating profit at H&M decreased 62% in the first quarter of 2018, following its biggest sales drop on record in the fourth quarter of 2017. ![]()
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